DeepSummary
The episode features an interview with Rob Hahn, a real estate industry insider and founder of 7DS Associates, a management consulting firm for the real estate industry. Rob discusses his journey into discovering blockchain technology and how he sees its potential to revolutionize the real estate sector, particularly with the multiple listing service (MLS) and property auctions.
Rob explains his vision for DecentRE Property Exchange, an on-chain real estate auction marketplace that aims to provide transparency and efficiency in the home buying and selling process. He describes how blockchain technology can enable open bidding, recording of non-financial terms, and immutable records of transactions, addressing common pain points faced by buyers and sellers.
Rob also touches on his future vision of a "house ledger," where homeowners can own and transfer data about their property, including renovation records and smart device data, using blockchain technology. He sees this as a way to decentralize property data ownership and empower homeowners.
Key Episodes Takeaways
- Rob Hahn, a real estate industry insider, sees blockchain technology as a potential game-changer for the multiple listing service (MLS) and property auctions.
- He envisions an on-chain real estate auction marketplace called DecentRE Property Exchange, which aims to provide transparency and efficiency in the home buying and selling process.
- Blockchain technology can enable open bidding, recording of non-financial terms, and immutable records of transactions, addressing common pain points faced by buyers and sellers.
- Rob also has a future vision of a "house ledger," where homeowners can own and transfer data about their property using blockchain technology, decentralizing property data ownership.
- He sees the potential for using decentralized autonomous organizations (DAOs) to govern MLS rules and policies more efficiently and transparently.
- Rob acknowledges the limitations of current blockchain technology but is excited about its potential for real-world applications in the real estate industry.
- The episode highlights the potential for blockchain to revolutionize various aspects of the real estate sector, from property auctions to data ownership and governance.
- Rob's vision challenges the current centralized ownership of property data and aims to empower homeowners with control over their property information.
Top Episodes Quotes
- “Most of your listeners probably aren't like realtors. They probably don't quite understand this little arcane corner, but there are applications of this technology to this corner of the industry that I think is absolutely perfect.“ by Rob Hahn
- “One of the things I'm most interested in, one of the things that the blockchain tech allows us to do, is to not have a centralized database. Right. Okay. I feel like ultimately what I'm trying to get to is so, like, your house has three bed, two bath, you know, this type of furniture, this type of, I mean, not furniture, this type of pipe, this type of electrical. Whose data is that? Who owns the data to your house?“ by Rob Hahn
- “And yet you always allow the homeowner to be in full control of their own property data. I think that's pretty exciting.“ by Rob Hahn
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Episode Information
From The Blockchain
Ashley Smith
11/2/23
EPISODE:
Today’s real estate landscape has many real world problems that directly impact consumers. Can web3 technology help solve some of the pains buyers and sellers face? A significant challenge exposed over the last several years is the home buyer experience when competing against multiple parties. Is there a better offer and negotiation process available? Might more transparency benefit stressed out buyers and lead to more preferable terms for sellers? Rob Hahn lays out his vision for DecentRE Property Exchange, an on-chain real estate auction marketplace that seeks to empower consumers and their trusted professionals through transparency and efficiency. In this conversation Ashley and Rob dive into what a fully functioning decentralized real estate listings database could look like and unpack on-chain property auctions. Learn why blockchain technology matters to Rob for this use case, and about his future vision of a “house ledger”.
EPISODE RESOURCES
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GUEST:
Rob Hahn is one of the most influential people in the residential real estate industry. He is Founder and Managing Partner of 7DS Associates, which has been challenging the status quo since 2009. His strategy work has spanned the entire industry from individual agents to major tech companies, MLSs, brokerages, franchises, and major investment firms in the space. His clients include some of the largest organizations in real estate and he has advised tech firms such as Zillow, real estate companies, and major MLSs and REALTOR organizations. He’s also a well-known and often controversial keynote speaker at real estate industry events, author of one of the most respected & influential trade publications, a blog called “Notorious R.O.B”, and podcast host to “Industry Relations”. Prior to 7DS, Rob headed up technology and interactive marketing for Coldwell Banker Commercial at Realogy. He has a BA from Yale University and a JD from NYU Law. Today, he is building DecentRE Labs and DecentRE Property Exchange in an effort to make home buying and selling more transparent and efficient.
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FROM THE BLOCKCHAIN
HOST - Ashley Smith
Music by: Spottie WiFi
Presented by: Fame Lady Squad...